Promissory Note Information

Perkins, Federal Health Profession, and Institutional Loans

The Student Loan department of the Bursar's Office creates a promissory note for Perkins Loans, Federal Health Profession Loans (Nursing, Pharmacy, Primary Care, Nurse Faculty) and various loans from institutional funds. Perkins loans require a master promissory note which will authorize multiple semesters. The e-signature process for the Perkins Loan has been on-line for the last several years. Federal Health Profession and institutional loans require a promissory note to be signed each academic year. As of the Fall 2013 semester, these promissory notes will also be available on-line for e-signing. Students accepting these loans must go to the web site of our loan billing servicer, ECSI, to sign the on-line promissory note.

Students receiving Federal Health Profession and institutional loans are required to submit documentation and sign a promissory note each year before their aid can be received. They can fill out and submit their documentation using our servicer, ECSI. A FAFSA or ECSI pin is required for login. Students will receive an email from ECSI with detailed instructions when the documentation is available.

Students receiving a Perkins loan for the first time while attending UW-Madison will receive an e-mail from ECSI with detailed instructions. A FAFSA pin is required at login.

Loan proceeds are applied directly onto the student's Tuition and Fee Student Account.

Short Term Loans

  • When you are awarded a short term loan by the Financial Aid Office or a UW-Madison campus department, the Student Loans Office prepares a promissory note.
     
  • The promissory note is delivered to the Bursar's Office, 333 East Campus Mall #10501, by 1:00 PM the day after your award is finalized.
     
  • The promissory note is held at the Bursar's Office for you to sign. At that time your short term loan check is processed.
    • Bring a photo ID for identification.
    • Bursar's Office hours - 8:00 AM to 4:00 PM, Monday through Friday.

NOTE: Bank loans are not included in these processes. They are managed by the Financial Aid Office and the bank from which the loan is drawn.

Forms and questions should be directed to:

The University of Wisconsin - Madison
Bursar's Office - Student Loans
333 East Campus Mall #10501
Madison, WI 53715-1383

If you have questions while on campus, please stop at the Student Loans Office, 333 East Campus Mall #10501, between 8:00 AM - 4:00 PM, Monday through Friday.